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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Rapid City, SD
Listed for sale 2 days ago
$ 294,900
ROI
21.7
Cash Flow/m
156- 3 Bed
- 1 Bath
- 1176 sft
1235 Ennen Dr, Rapid City, SD, 57703
$ 112,900
ROI
25.6Cash Flow/m
184- 3 Bed
- 2 Bath
- 1165 sft
840 N Spruce St, Rapid city, SD, 57701
Listed for sale 2 days ago
$ 379,500
ROI
20.8Cash Flow/m
106- 4 Bed
- 2 Bath
- 1836 sft
5032 S Pitch Dr, Rapid City, SD, 57703
$ 119,900
ROI
48.9Cash Flow/m
974- 3 Bed
- 2 Bath
- 1165 sft
1980 Country Rd, Rapid city, SD, 57701
Why Invest in Rapid City, South Dakota?
Discover investment properties under $500K in Rapid City, SD, offering strong entry points for cash-flowing rentals. The market features competitive cap rates around 7-8% and steady rental yields. With a stable economy driven by tourism and defense, appreciation averages 4% annually. Renter-occupied housing exceeds 35%, supporting reliable income streams. Low vacancy and growing demand make these properties attractive for long-term holds.
8.5%
Avg. ROI
7.2%
Rental Yield
7.8%
Cap Rate
$450/mo
Avg. Cash Flow
$1250/mo
Avg. Rent
4.1%
1Y Appreciation
Frequently Asked Questions
Investors can expect cap rates of 7-8% and rental yields around 7%, with average monthly cash flow near $450. Appreciation supports 4% annual growth. These metrics hold for single-family and small multifamily properties.
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